Oregon Stock Option Plan of WSFS Financial Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-352B
• Format: Word; Rich Text

Description

18-352B 18-352B . . . Stock Option Plan under which committee appointed by Board of Directors can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stand-alone or Tandem Stock Appreciation Rights, and (d) Phantom Stock (which entitles recipient to receive in cash when share vests, an amount equal to sum of (x) fair market value of a share of stock on date when such share of Phantom Stock vests and (y) aggregate amount of cash dividends paid with respect to a share of stock during period between date share of Phantom Stock was granted and date on which such share vests). Committee has broad discretion at time of making Phantom Stock awards to impose conditions that must be satisfied in order for Phantom Stock to become vested The Oregon Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to incentivize and reward employees of the company located in the state of Oregon. This plan offers various types of stock options to eligible employees, providing them with the opportunity to acquire company shares at a predetermined price within a specified time frame. One of the notable options available under the Oregon Stock Option Plan is the Non-Qualified Stock Option (NO). This type of option allows employees to purchase company shares at a price set on the grant date, regardless of the stock's current market value. Nests grant employees the flexibility to exercise their options at a time of their choosing within the specified exercise period. Another type of stock option offered is the Incentive Stock Option (ISO). SOS are subject to specific guidelines defined by the Internal Revenue Code, providing potential tax benefits to employees. These options typically have a longer exercise period and certain eligibility criteria, ensuring they are granted to key employees and aligning their interests with the long-term success of WSFS Financial Corporation. The Oregon Stock Option Plan also includes provisions for stock appreciation rights (SARS). SARS grant employees the right to receive the appreciation in the company's stock value over a predetermined period. Unlike stock options, SARS do not require individuals to purchase shares but rather entitle them to a cash payout equivalent to the appreciation in stock value. The main purpose of the Oregon Stock Option Plan is to attract, retain, and motivate talented employees, aligning their interests with the company's growth and financial performance. By offering stock options, WSFS Financial Corporation aims to create a sense of ownership among employees, encouraging them to contribute to the company's success and enhance shareholder value. It is important to note that the specific terms and conditions of the Oregon Stock Option Plan may vary depending on eligibility, position within the company, and other factors. Employees are advised to carefully review the plan documents and consult with the appropriate professionals to understand their individual rights and obligations. In conclusion, the Oregon Stock Option Plan of WSFS Financial Corporation provides employees in the state with an opportunity to acquire company shares through various types of stock options such as Nests, SOS, and SARS. This compensation program ultimately aims to attract and retain talented individuals while aligning their interests with the long-term growth and success of WSFS Financial Corporation.

The Oregon Stock Option Plan of WSFS Financial Corporation is a comprehensive compensation program designed to incentivize and reward employees of the company located in the state of Oregon. This plan offers various types of stock options to eligible employees, providing them with the opportunity to acquire company shares at a predetermined price within a specified time frame. One of the notable options available under the Oregon Stock Option Plan is the Non-Qualified Stock Option (NO). This type of option allows employees to purchase company shares at a price set on the grant date, regardless of the stock's current market value. Nests grant employees the flexibility to exercise their options at a time of their choosing within the specified exercise period. Another type of stock option offered is the Incentive Stock Option (ISO). SOS are subject to specific guidelines defined by the Internal Revenue Code, providing potential tax benefits to employees. These options typically have a longer exercise period and certain eligibility criteria, ensuring they are granted to key employees and aligning their interests with the long-term success of WSFS Financial Corporation. The Oregon Stock Option Plan also includes provisions for stock appreciation rights (SARS). SARS grant employees the right to receive the appreciation in the company's stock value over a predetermined period. Unlike stock options, SARS do not require individuals to purchase shares but rather entitle them to a cash payout equivalent to the appreciation in stock value. The main purpose of the Oregon Stock Option Plan is to attract, retain, and motivate talented employees, aligning their interests with the company's growth and financial performance. By offering stock options, WSFS Financial Corporation aims to create a sense of ownership among employees, encouraging them to contribute to the company's success and enhance shareholder value. It is important to note that the specific terms and conditions of the Oregon Stock Option Plan may vary depending on eligibility, position within the company, and other factors. Employees are advised to carefully review the plan documents and consult with the appropriate professionals to understand their individual rights and obligations. In conclusion, the Oregon Stock Option Plan of WSFS Financial Corporation provides employees in the state with an opportunity to acquire company shares through various types of stock options such as Nests, SOS, and SARS. This compensation program ultimately aims to attract and retain talented individuals while aligning their interests with the long-term growth and success of WSFS Financial Corporation.